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China Manganese Ore Market Movement (2013-2-20)
Feb 20,2013 17:19CST
price review forecast
Source:SMM
BHP, CML and other mainstream manganese ore suppliers hiked offers by USD 0.25-0.5/mtu, increasing purchasing costs at traders by RMB 1.57-3/mtu.

SHANGHAI, Feb.20 (SMM) – BHP, CML and other mainstream manganese ore suppliers hiked offers by USD 0.25-0.5/mtu, increasing purchasing costs at traders by RMB 1.57-3/mtu. Demand from downstream alloy producers, however, remained sluggish, increasing risks for importers to replenish stocks.

Chinese traders gradually returned to work after holiday, and kept offer firm. Some small traders hiked offers, but most large traders still hold back goods. According SMM sources, some SMEs alloy producers' willingness to halt production is strong.

SMM believes that current prices were too high for alloy producers. The high production costs and low bidding prices for alloy from steel mills will fore some alloy producers to exit market.

Grade
Feb.20 Price
(RMB/mtu)
Feb.19 Price
(RMB/mtu)
Price Change
Region
Note
South Africa
(high Fe, lump)
Mn32% Fe20%
38-38.5
38-38.5
Tianjin port
 
Mn32% Fe20%
38.5
38.5
Qinzhou port
Mn35-36% Fe18%
38.5
38.5
Qinzhou port, Zhanjiang port
 
Mn35-36% Fe18%
38-38.5
38-38.5
Tianjin port, Lianyungang
South Africa
(medium Fe, lump)
Mn45% Fe12%
39.5-40
39-39.5
↑0.5
Tianjin port, Lianyungang
 
South Africa (carbonate manganese ore, lump)
Mn38% Fe5%
41.5-43
41.5-42
↑0.5
Tianjin port, Lianyungang
 
Mn38% Fe5%
41-41.5
41-41.5
Qincheng port, Fangchenggang port
South Africa
Mn38% Fe5%
-
-
Tianjin port
 
Mn38% Fe5%
-
-
Zhanjiang port, Fangchenggang port
South Africa (fines)
Mn38% Fe5%
-
-
Tianjin port
 
Mn38% Fe5%
-
-
Qinzhou port
Australia (lump)
Mn46%
45.5-46.5
45.5-46.5
Tianjin port, Lianyungang
 
Mn46%
45-46
45-46
Qinzhou port, Zhanjiang port
Australia (lump)
Mn48%
46.5-47
46.5-47
Tianjin port
 
Mn48%
46.5-47
46.5-47
Qinzhou port, Zhanjiang port
Australia (high Si, lump)
Mn36% Si20%
45.5-46
45.5-46
Tianjin port
 
Australia (medium Fe, lump)
Mn36-37% Fe16%
45-45.5
45-45.5
Tianjin port
 
Australia (medium Fe, lump)
Mn36-37% Fe16%
41.5-42
41.5-42
Qinzhou port
 
Australia (high Fe, lump)
Mn32% Fe20%
41-41.5
41-41.5
Tianjin port
 
Australia (granule)
Mn48%
-
-
Tianjin port, Lianyungang
 
Mn48%
-
-
Qinzhou port
Mn50%
-
-
Qinzhou port
Mn50%
-
-
Tianjin port, Lianyungang
Australia (granule)
Mn44%
Tianjin port, Lianyungang
 
Mn44%
Qinzhou port, Zhanjiang port
Gabon (lump)
Mn44-45%
Tianjin port, Lianyungang
 
Mn44-45%
Qinzhou port, Zhanjiang port
Brazil (lump)
Mn44-45%
44-44.5
44-44.5
Qinzhou port, Zhanjiang port
 
Mn44-45%
41-42
41-42
Tianjin port, Lianyungang
Brazil (fines)
Mn44-45%
-
-
Tianjin port
Mn44-46%
38-39
38-39
Zhanjiang port

 

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